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Archive for March, 2012

Cyprus moves up three places in Top of the Props chart

The popularity of Cyprus for those seeking out investments in overseas property moved up three places in March according to the latest ‘Top of the Props’ chart published by the TheMoveChannel.com

Armou family told it is not safe to stay in their home

As their home continues to slip down the hillside, a family living in one of the houses on an estate at Armou in Paphos have been told to leave within seven days as it has become unsafe to live there.

Forty percent fall in residential buildings

The number of new houses authorised in January fell by forty percent compared with January 2011 and the number of new residential properties being built is unlikely to increase until the number of unsold apartments and houses is reduced.

Visit stand E49 at the A Place in the Sun Live show

Those considering buying a property abroad, including Cyprus, are urged to visit the panel sessions given by staff from the Foreign Office or visit them on stand E49 for some down to earth advice.

Get the latest news from Cyprus on your mobile phone

Get all the latest breaking news stories, articles and events that are shaping the Cyprus property market on your mobile phone from the newly launched mobile edition of the Cyprus Property News.

Homes at Armou in Paphos continue to slip

The recently built estate of six houses in Armou in Paphos are continuing to slip down the hillside and two of the access roads leading to the development have now become impassable.

Deal for development of old Larnaca airport signed

The Island’s airport operator Hermes signed a multi-million Euro deal with Chinese company Far Eastern Phoenix early this morning for the redevelopment of the old Larnaca airport facility.

Property prices continuing to fall says RICS

RICS Cyprus reports that prices of apartments and houses nationwide continued to fall during the fourth quarter of 2011 in the ninth issue of its Property Price Index with the hardest hit areas being Limassol and Paralimni.

Vasilikon cement factory workers return to work

Workers at the Vassilikos cement company in Limassol have ended their indefinite strike following a meeting yesterday at which the Cyprus Labour Minister, Sotiroulla Charalambous, put forward a mediation proposal.

Cabinet reshuffle after finance minister quits

Following the resignation on health grounds of Finance Minister Kikis Kazamias last Friday, a mini-reshuffle of the Cyprus cabinet was announced earlier today with Neoclis Sylikiotis taking over as the minister for Commerce And Industry.

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